EPIC RESEARCH MCX GOLD UPDATE OF 20 JULY 2018

Gold trading range for the day is 29542-30116. Gold recovered on short covering after prices seen under pressure as the dollar rose after comments from Fed Chairman that reaffirmed expectations more U.S. interest rate increases. White House economic advisor Larry Kudlow said trade talks with China have paused for now, although discussions with the European Union have been more promising. Demand for gold is expected to rise during the second half of 2018, as inflation potentially rises and a global trade war may impact currencies, the World Gold Council said.

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